# NJ Councilman and Businessman Arrested in Alleged Loan Sharking Scheme

Page: https://stenobird.com/podcast/newark-news-today-2-min-news-the-daily-news-now-7573114/nj-councilman-and-businessman-arrested-in-alleged-loan-sharking-scheme
Text version: https://stenobird.com/podcast/newark-news-today-2-min-news-the-daily-news-now-7573114/nj-councilman-and-businessman-arrested-in-alleged-loan-sharking-scheme.md
Podcast: [Newark News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/newark-news-today-2-min-news-the-daily-news-now-7573114)
Published: 2026-06-20T08:29:57+00:00
Episode link: https://api.fastcast.ai/audio/753c38cd-fa8d-44dd-8313-87fd1be41ded.mp3
Audio file: https://api.fastcast.ai/audio/753c38cd-fa8d-44dd-8313-87fd1be41ded.mp3
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Duration seconds: 95

## Resource

Two New Jersey officials, Englishtown Councilman John Alite and Bridgewater resident Stephen Locrotondo, face serious charges including organized crime, extortion, and illegal lending after allegedly operating a high-interest loan scheme involving threats of violence — all tied to Alite’s company. Law enforcement credits a major investigation for the arrests, while the mayor urges calm, emphasizing due process and clarifying the allegations don’t involve borough operations. Despite the scandal, local leaders remain focused on community development and upcoming summer events. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/e8f171ade8c36b78

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